Now Everything Is In Motion For Argentina To Pay Out Billionshttp://www.businessinsider.com/now-everything-is-in-motion-for-argentina-to-pay-out-billions-2014-8/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 16:53:43 -0400Linette Lopezhttp://www.businessinsider.com/c/53df14556da8114a1f2cbc47GazmatazMon, 04 Aug 2014 01:04:21 -0400http://www.businessinsider.com/c/53df14556da8114a1f2cbc47
Great answer, *hats off*http://www.businessinsider.com/c/53dd35b06bb3f737723d85d3Sorta like MississippiSat, 02 Aug 2014 15:02:08 -0400http://www.businessinsider.com/c/53dd35b06bb3f737723d85d3
ye haw.http://www.businessinsider.com/c/53dc29326da8110036651d53JoMamaFri, 01 Aug 2014 19:56:34 -0400http://www.businessinsider.com/c/53dc29326da8110036651d53
uh, Argentina isn't going to be paying anything; of course nothing new therehttp://www.businessinsider.com/c/53dc28b96da811413c651d51tjnFri, 01 Aug 2014 19:54:33 -0400http://www.businessinsider.com/c/53dc28b96da811413c651d51
LOL. It's quite simple, they borrow to raise the standard of living in the country to buy votes and stay in power. People don't like to hear the truth that they are a third world country with a low standard of living. Better to borrow and make the people feel good.http://www.businessinsider.com/c/53dbe3ce69bedd2c7588b07bmikej77Fri, 01 Aug 2014 15:00:30 -0400http://www.businessinsider.com/c/53dbe3ce69bedd2c7588b07b
Once an economy moves to a level above hunting and gathering it require money to invest and commence government operations.
Prior to this stage Nature provides all the required investment as the people just walk around. If these people want to start farming they need money to purchase all the implements needed to clear the land and turn it into farms far more productive than trees and grasslands.
The choice is than to sell shares in the proposed economy or to contract debts to finance the first export sales which will make the debt payments and provide more than a Stone Age lifestyle.
In the case of Argentina the majority could be (technically) enslaved and forced to work by whipping and other violence at the Stone Age living standard or less.
This way exports could be made without loans or equity sales.
In that case your financing was the capital provided by the lives of your slaves. Expending this kills them and you try to get more slaves for more financing.
Banks simply provide loans at interest as an alternative to slavery or hunting and gathering.
As a result nearly ALL enterprises require some form of initial financing to acquire more easily the essential inputs of a developing economy without slavery.
Stalin did it the other way. In order to avoid the details of conventional finance he seized all the property including the farms and enslaved the great mass of the soviet people inside and outside of his concentration camp system permitting the USSR to export commodities without as much finance as otherwise would have been required to obtain machine tools, etc.http://www.businessinsider.com/c/53dbd71b6bb3f79c2a64c7cbKCVxxFri, 01 Aug 2014 14:06:19 -0400http://www.businessinsider.com/c/53dbd71b6bb3f79c2a64c7cb
Why do all these countries fell such an overwhelming need to borrow, borrow, borrow? The banks seem to have everyone by the neck.